America’s Debt Dilemma

July 20, 2018 via U.S. News

Annual deficits are once again projected to hit $1 trillion, but long-term solutions are elusive.

THE U.S. HAS A DEBT problem.

Most pressing on Capitol Hill, however, is not the collective $4 trillion U.S. consumers are expected to owe to creditors in non-mortgage debt by the end of 2018 – representing more than 26 percent of their annual incomes, per a May report from the LendingTree online loan exchange.